Home / Knowledge / News / Textiles / Saudi Arabia plans oil-to-petrochemicals plant in Yanbu
Saudi Arabia plans oil-to-petrochemicals plant in Yanbu
Mar '14
The Kingdom of Saudi Arabia is planning to construct a plant that could directly convert crude oil into petrochemicals like ethylene and propylene, without first refining the oil, Ali bin Ibrahim Al-Naimi, Minister of Petroleum and Mineral Resources, has said, reports Saudi Gazette.
Saudi Arabia is the world’s largest crude oil exporter and the Saudi Arabian Oil Company (Saudi Aramco) has been researching for years to find ways to directly make ethylene and propylene from crude oil.
Addressing a conference in Yanbu, a major Red Sea port in the Al Madinah province of western Saudi Arabia, located at about 300 km northwest of Jeddah, Mr. Al-Naimi said the Ministry is studying an innovative technology to set up an integrated industrial plant for the production of petrochemicals from crude oil, without any need to build a conventional oil refinery.
The proposed oil-to-petrochemicals complex would be built at Yanbu, in collaboration with Saudi Basic Industries Corp (SABIC), one of the world’s largest chemicals companies.
Mr. Al-Naimi said the proposed oil-to-petrochemicals project would create new employment opportunities for Saudi youth in Yanbu, which already boasts of several oil refineries and petrochemical plants.
Saudi Arabian economy heavily depends on revenues from export of crude oil and hence the Government’s strategy is to diversify the economy by developing the country’s petrochemical sector.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

Jurgen Gauger

‘Buying crowdsourced or creative designs are much more appealing to the...

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Abhishek Samdaria

GST will certainly reduce a lot of paperwork in future

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search